Oireachtas Joint and Select Committees
Thursday, 12 October 2017
Public Accounts Committee
Transport Infrastructure Ireland: Financial Statements 2016
9:00 am
Mr. Michael Nolan:
On the VAT element, this year, after a ruling of the European courts, the VAT that we were subventing to Revenue is no longer going back to Revenue. We are now able to divert some of that funding into some safety schemes. That has been a positive benefit. Some of the money raised on the M50 will go to safety schemes in the coming years.
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